MNI BRIEF: Fed's Powell Says Neutral Rate Has Likely Risen

BOC SAYS FIRMS SEE SLOWER PRICE INCREASES AND WAGE GAINS

MNI BRIEF: China Q2 GDP Impacted By Bad Weather - NBS

MNI China Press Digest July 15: Consumption, Exports, FDI

MNI: PBOC Conducts CNY100 Bln Via 1Y MLF; Rates Unchanged

CHINA PBOC CONDUCTS CNY129 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

King's Speech Due Wednesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Little Reaction To Beige Book, Late Fedspeak Ahead

STIR FUTURES
  • Fed Fund implied rates see limited reaction to the Beige Book, holding an earlier solid increase for the day. Economic activity was deemed little changed in recent weeks whilst the summary on credit conditions was relatively limited ahead of the SLOOS. It did however note lending volumes and loan demand generally declined but of note was that only “several” districts saw tightened lending standards.
  • 22.5bp for May 3 (+1bp) before a cumulative 29bp for Jun (+2bp), -2bps for Nov from current levels (+5bp) and -19bps from current to 4.64% for Dec (+5.5bp).
  • Ahead, Goolsbee (’23 voter) in an interview at 1730ET and Williams (voter) at 1900ET. Both spoke last week although Williams likely more of note on the economic and policy outlook with text/Q&A at the Money Marketeers of New York University. Williams noted Apr 11 prior to Mar CPI that core services inflation has not budged.
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepageBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.